Aphorio Infrastructure Fund Acquires $10M Northeast Data Center
Aphorio Carter Critical Infrastructure Fund, LLC, has acquired the Trumbull Data Center in Trumbull, Conn., for approximately $10 million.
Launched in August 2022 as a Regulation D, 506(b) offering, the fund converted its offering to a 506(c) in January 2024 and seeks to raise up to $200 million from accredited investors.
This latest property acquisition is a disaster recovery hub centrally located between New York City and Boston. Originally built in 1960, the facility spans 8.26 acres and is operated as a multi-tenant facility with two data center pods and one disaster recovery pod and features 227,552 square feet of space. The facility has infrastructure for high-performance data and business continuity requirements with 15 MW of utility power, 2N UPS redundancy, and access to four fiber networks.
The co-location facility currently hosts five tenants, including a leading global financial services group, an international digital business and information technology services leader, a FINRA-registered broker-dealer, an automated equities trading solution company, and a global investment firm.
Trumbull is 60 miles northeast of Manhattan with direct access to Interstate 95 in Connecticut’s Fairfield County. Just north of I-95 and Merritt Parkway, allowing access to central New York and New Haven in less than 90 minutes.
“Our data center portfolio continues to grow with the acquisition of the Trumbull Data Center, aiming to deliver additional value for our investors. Strategically located in Connecticut with proximity to New York City, top-tier tenants, and strong investment fundamentals, the facility is an accretive addition for Aphorio Carter, a Carter Funds company. New York is the eighth most developed U.S. data center market yet is struggling to meet AI demand for high power density data centers resulting in low vacancies and rising rents. We hope that our newest acquisition will help meet the growing demand for data center space in that region,” said John Regan, chief investment officer of Aphorio Carter.
This acquisition marks Aphorio Carter’s seventh critical infrastructure real estate purchase within the last two years, bringing the Aphorio Carter portfolio to $203 million in critical infrastructure and data center assets under management. Aphorio Carter aggregates and manages portfolios of digital infrastructure assets with strategic value-add opportunities for the private investment funds it sponsors.
Over the summer, the fund acquired the Centennial Data Center in Centennial, Colo., for approximately $7.3 million.
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